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Note 2 - Sales-Mergers-Acquisitions (Tables)
12 Months Ended
Dec. 31, 2021
Bates Companies  
Notes Tables  
Schedule of assets and liabilities sold

​

​

​

​

​

​

​

As of

​

    

August 12, 2020

​

​

(dollars in thousands)

​

​

​

​

ASSETS

​

​

​

Cash and due from banks

​

$

349

Premises and equipment, net

​

​

19

Other assets

​

​

2,259

Total assets sold

​

$

2,627

​

​

​

​

LIABILITIES

​

​

​

Other liabilities

​

$

946

Total liabilities sold

​

$

946

​

​

​

​

Net assets sold

​

$

1,681

​

​

​

​

​

​

​

​

Cash consideration

​

$

195

Forgiveness of earn-out consideration

​

​

880

Note receivable consideration

​

​

448

Loss on sale of subsidiary

​

$

158

RB&T Company  
Notes Tables  
Schedule of assets and liabilities sold

​

​

​

​

​

​

    

As of

​

​

11/30/2019

​

​

(dollars in thousands)

ASSETS

​

​

​

Cash and due from banks

​

$

3,973

Interest-bearing deposits at financial institutions

​

 

55,291

Securities held to maturity, at amortized cost

​

​

3,243

Securities available for sale, at fair value

​

 

21,874

Loans/leases receivable held for investment, net

​

 

357,931

Premises and equipment, net

​

 

5,612

Restricted investment securities

​

 

675

Other real estate owned, net

​

 

2,134

Other assets

​

 

3,228

Total assets acquired

​

$

453,961

​

​

​

​

LIABILITIES

​

 

  

Noninterest-bearing deposits

​

$

69,802

Interest-bearing deposits

​

​

331,486

Short-term borrowings

​

 

1,158

FHLB advances

​

 

15,000

Other liabilities

​

​

2,241

Total liabilities assumed

​

$

419,687

​

​

​

​

Net assets sold

​

$

34,274

​

​

​

​

Cash consideration received

​

$

46,560

Gain on sale of assets and liabilities

​

$

12,286